We have just been contacted by a site acquisition agent that our property has been approved for construction of a cell tower. We will be completing the lease agreement soon. How does this affect our property taxes? Also what are other items should be considered before signing the agreement?
I called our OK county tax person and they told me that the cell tower taxes would be sent to the cell provider and not me. I assumed that this could only happen if I recorded the short version of the contract. I plan on doing just that.
Jeanne
Apr 14, 2011 Rating
Property tax language and other minor lease details... by: Tower Genius
Great news that your property was selected for a cell tower! Most carriers and tower companies already include tax language stating they will pay for all tax increases attributed to the telecommunications improvement on Premise as long as you notify them in a timely manner. However, the language is still slanted in favor of the carriers and gives them wiggle room where they can contest an assessment, and you don't want to end up floating them an interest free loan for a year.
Tax language is one of a dozen items in a lease that need to be tightened up -- especially in an AT&T lease agreement.
Like this page? Show us some Social Love. Here's how.
Would you prefer to share this page with others by linking to it?
Click on the HTML link code below.
Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.
Our church has been approached by a company who wants to put a cell tower on our property. They first offered $1,000 per month with a 2% annual escalator
I own property that the cell tower company has to cross to access their proposed site. Are they entitled to legal use of the specific easement. Also our
